Commonwealth bonds are alive and well, especially when it comes to business.
Montreal IT services provider CGI was the biggest winner of U.K government-issued contracts in 2017—by a long shot, according to research firm Tussel. The end-to-end service provider CGI more than quadrupled the contract total of second-place Atos.
CGI won more than $1.43 billion CAD in contracts, while Atos was awarded $312 million. The huge variance is largely attributed to a massive contract from the U.K.’s Ministry of Defence that CGI received this year. All totals only reflect contracts awarded in 2017 and do not include multi-year deals or existing supplier agreements.
The dominance of CGI marks new ways for governments to award contracts and spend money. Usually, giants like HP, IBM, Capgemini and others dominate the list. In fact, as recently as 2014, CGI was not even in the top six for the U.K.
CGI acquired U.K. IT provider Logica for £1.7 billion in 2012, cementing itself as a prime name and provider for IT. It took the company a little while to build its based in the U.K. but it is now a well-known provider in several countries.
The company also bought out the Helsinki-based Affecto in August of this year, furthering their expansion into Northern Europe.
On the Financial Post 500, CGI ranked 46 in terms of largest Canadian companies by total revenue. The company employs over 70,000 people and is one of the largest IT providers in the world.